12 Jul 2013

Anything but water

The postwar America of declining income inequality and a corporate elite that put the community’s interest above its own was also a closed-minded, restrictive world that the left rebelled against—hence, the 1960s. It is unpleasant to consider the possibility that the personal liberation the left fought for also liberated corporate elites to become more selfish, ultimately to the detriment of us all—but that may be part of what happened.

Anyone interested in sustainable growth and social progress should read the Stiglitz report. I'd avoid their top-down, management-heavy solutions in favor of ENDING top-down management and special interest subsidies. Use the price mechanism and permit local solutions